date:Aug 29, 2012
UK food market.
For example supermarkets private label value lines are gaining share over premium ranges at a seemingly widening rate, deep-discounters (Aldi Lidl) continue to gain ever stronger consumer support and strong evidence persists of the compression of basket size through lower wastage.
Also Morrisons has limited presence in the growing convenience segment and still no participation in grocery online.
Shore Capital identified a current pretax profit estimate of 422M and retained it